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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (67244)	11/11/2003 7:48:02 AM
From: Real Man	Read Replies (2) \| Respond to of 94695

The Feds are going to throw all credit they have at it if it sinks. They will keep this market liquid at all costs. This time it's different. This time the bubble is a lot bigger. The cost of this "recovery" has been more debt for J6P. 35 Trillion dollars is the total for US debt. That's just not good. Yep, this time is different - their actions will destroy the dollar. It did not happen in 1929. A quote from Fleck regarding job reports (see me posting to myself, it did not allow a long message): "Joanie Jabs at Statistical Snow Jobs: Turning 180 degrees to brilliant data analysis, I would now like to turn over the microphone to Joanie, who sliced and diced Friday's payroll report (buckle up, as it's on the long side): "As the all-American classic, Casey Stengel, often intoned: 'You could look it up.' So that's exactly what we did in the quest to find the true meaning of Non-Farm Payrolls for the month of October. Go directly to BLS and give it a gander. There is no great mystery, except perhaps in the pesky revisions which have miraculously added 160k bodies 'as of' for the months of August and September, bringing the three-month total of jobs created to 286k. We then recalled how the BLS arrives at the figures it uses in the so-called Establishment Survey (a.k.a. CES). "Voila: If you are a business with more than 250 employees, there is a very good chance that you are on the list. (Are there any establishments with fewer than 250 employees that are canvassed? Certainly. But that's too lengthy to go into in this space. Suffice to say that the cutoff number of employees is largely determined by what kindof business you are in. Along these lines, the BLS notes that in the categories of trade [plumbers, carpenters, etc.] and services, establishments with a lot fewer workers are canvassed because these industries tend to have smaller operations.) "And since Friday's report was chock full of services jobs, we will interject right here by noting that a good part of the kind that were created were low-paying, such as healthcare and social services, with a comment from the BLS that a lot of the social services was in childcare, and about half of the increase in 'ambulatory healthcare' were hires at doctor's offices!; do we have to go into the low-paying retail jobs that were created? Good, You're catchin' on!"